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Weekly Forex Forecast (June 10 - 14, 2019)

From dailypriceaction.com

Is this the time EURUSD buyers force a reversal, or will this turn out to be another false start? That’s likely the question on everyone’s mind as we start a new week. Nobody knows where EURUSD is going, or any market for that matter. But one thing we do know is that the double/triple bottom at 1.1110 is holding for now. I wrote about this formation on May 23rd. Even though buyers gave up significant ground in late May, they never allowed the price to breach the 1.1110 level. And as I wrote on May 23rd, EURUSD needed a daily close above 1.1260 to confirm the reversal and expose the objective at 1.1410. That’s exactly ... (full story)

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  • Category: Technical Analysis